Re: Should I close these cards.....struggling to understand utilization...PLEASE help???

‎03-07-201208:29 AM

+1 Clocktick!

Closing Credit Cards does not affect AAOA because the tradeline will still be there for 10 years. Only thing affected is utilization, however it looks like you manage your cards decently and got another $500 prime card. Close that sucker out...is it really worth keeping it open for $120 a year..I will be closing mine out before the year hits as it helped me rebuild and I paid annual fee upfront and my monthly fees won't start until Nov 2012